Quarterly ResultApr 29, 2026, 04:07 PM
CLMB Q1 Sales +32% to $182.4M; Net Income $3.3M; Dividend Suspended
AI Summary
Climb Global Solutions, Inc. reported Q1 2026 results with net sales increasing 32% to $182.4 million, driven by double-digit organic growth and contributions from the interworks.cloud acquisition. However, net income decreased to $3.3 million ($0.18 per diluted share) from $3.7 million ($0.20 per diluted share) in the prior year, impacted by a higher effective tax rate and one-time investments. Adjusted EBITDA saw a 4% increase to $7.9 million. The company also reiterated its decision to suspend quarterly cash dividends starting Q1 2026 to reinvest capital into higher-return organic and inorganic growth opportunities.
Key Highlights
- Suspended quarterly cash dividends starting Q1 2026 to support organic and inorganic growth initiatives.
- Net sales increased 32% to $182.4 million compared to $138.0 million in Q1 2025.
- Net income was $3.3 million, or $0.18 per diluted share, down from $3.7 million ($0.20 per diluted share) year-over-year.
- Adjusted EBITDA increased 4% to $7.9 million.
- Gross billings increased 14% to $542.8 million.
- Distribution segment gross billings increased 15% to $520.9 million.
- Solutions segment gross billings increased 4% to $21.9 million.
- Cash and cash equivalents were $41.8 million with no outstanding debt as of March 31, 2026.